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Banco G&T Continental S.A. May 10
Standard & Poors, May 2010
Abstract
Good market position and long track record in the Guatemalan banking industry Liquidity supported by its large and well-diversified deposit base, and by long-term funding sources Maintenance of adequate profitability Deteriorating asset quality amid low reserves for nonperforming assets A high concentration in commercial business and in the small Guatemalan economy Capitalization and profitability limited by double leverage A challenging economy reflected in deteriorating asset quality, and strong competition Standard & Poor's Ratings Services' ratings on Guatemala-based Banco G&T Continental S.A. reflect the bank's high concentration in certain clients, its low coverage of nonperforming assets (NPAs), and its significant exposure to on-balance-sheet foreign-currency risk. Deteriorating asset quality and persistent double leverage limit the bank's adjusted capitalization and profitability and constrain...
Companies mentioned in this report are: Banco G & T Continental S.A.,International Finance Corp.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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